Transactions: Dec. 1 Issued $500,000 of l0wyear, 6% bonds, dated December 1, 201K, at 105. Interest dates are June 1\" and December 1\". Dec. 3 Collected the balance due from the common stock subscribers. The stock was subscribed to at par. Issued the stock. Dec. 5 Purchased 1,000 shares of Wells Fargo stock for $54.95 per share, plus a $575 broker's commission. Dec. 9 Issued 10,000 shares of common stock for cash at $15 per share. Dec. 12 Made a $60,000 down payment and signed a $600,000 mortgage to purchase land and a building, which will be used as the distribution center. The land comprised of three (3) lots which appraised at $132,000 each ($396,000 total) and the building appraised for $264,000. The building occupies one (1) lot, one (1) lot will serve as a parking lot and WWD intends to sell the third lot. The loan is a ten (10) year, 6.0% mortgage requiring monthly payments consisting of principle and interest. Payments are due by the 15LII of each month. Dec. 15 Invested $50,000 cash in a sinking fund for the bonds issued on December 1\". Dec. 13 Issued 200 shares of preferred stock for cash at $105 per share. Dec. 20 Paid a $10,000 dividend declared on September 15, 201x to stockholders of record on November 1, 201K. Dec. 23 Received a subscription of 200 shares of preferred stock at $106 per share. Dec. 24 Received 25% of the subscription price from all subscribers for the subscription of December 23'\". Dec. 29 Borrowed $100,000 from Carolina Bank to purchase shelving for the warehouse. The shelving cost $100,000 and is expected to last ve (5) years. The note is a three (3) year, 9% note that requires principle and interest payments on the last day of each month. Dec. 30 Purchased inventory on account: 225 systems from HP, 135 systems from Apple, and 50 systems from Dell. Dec. 30 Recorded and paid salaries totaling $5,000 for the month. (Note: Employer must match employee FICA and FUTA/'SUTA limits have been met for the year). Dec. 31 Paid $1,500 for supplies